Stock of the Day

SQNM has been in an uptrend since the middle of '06. The stock has been taking a dive for all of '08. The stock was however able to put in what appears to be a double bottom in early spring. SQNM then rallied to the downtrend line from the '07 high. This test caused a short term reaction down near 7, but the stock quickly rebounded and gapped over the trendline today with a 500% increase in volume. At a minimum SQNM will test the recent '07 swing high and depending on the quality of that test, make a run for the '04 high near $13.50.

SQNM - Trade of the Day